Genco Shipping: 24% Discount To PNAV, LTV Below 20%, And Attractive Dividends [Seeking Alpha]
Himalaya Shipping Ltd. Common Shares (HSHP)
Company Research
Source: Seeking Alpha
Financially, the Company has significantly improved its capital structure over the last few years. On December 31, it declared $47 million in cash and $190 in long-term debt. FY23 GNK realized lower TCE rates compared to FY22. However, the company employed its ships in 1Q24 at TCE, 35% higher than the 2023 average. Genco strikes a balance between fleet quality, price to NAV, and loan to value. In addition, the company pays dividends with attractive yields. Note: I previously covered Genco Shipping ( NYSE: GNK ). In my previous analysis, I discussed the company's barbell approach, financials, and relative valuation. In today's article, I review the last earnings report, update the evaluation, and assess the risks. Fleet GNK applies the barbell strategy. The company owns 16 Capesize vessels and 27 Handymax (15 Ultramax and 12 Supramax). This approach distributes GNK's upside potential while mitigating its risks. Looking at the details, GNK installed scrubbers only on its Ca
Show less
Read more
Impact Snapshot
Event Time:
HSHP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HSHP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HSHP alerts
High impacting Himalaya Shipping Ltd. Common Shares news events
Weekly update
A roundup of the hottest topics
HSHP
Sec Filings
- 4/22/24 - Form 6-K
- 4/9/24 - Form 6-K
- 3/27/24 - Form 6-K
- HSHP's page on the SEC website